current account
Americannoun
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Also called open account. an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
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(in certain foreign countries) a checking account.
noun
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Canadian name: chequing account. US name: checking account. an account at a bank or building society against which cheques may be drawn at any time
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economics that part of the balance of payments composed of the balance of trade and the invisible balance Compare capital account
Other Word Forms
Noun Inflected Forms
Etymology
Origin of current account
First recorded in 1840–50
Compare meaning
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Basic bank accounts have many of the same functions as a regular current account, but are designed for those who might otherwise be excluded from the banking system.
From BBC ● Jul. 6, 2026
The rupee's slide comes as India faces a widening current account deficit driven by costly energy imports.
From Barron's ● May 17, 2026
A weaker rupee makes imports costlier and exports more competitive, helping narrow the current account deficit over time.
From BBC ● May 14, 2026
Import prices and current account data are due at 8:30 a.m.
From MarketWatch ● Mar. 25, 2026
If I borrow £500, then £500 is a debit to my current account, and a credit to my list of liabilities.
From "The Invention of Science" by David Wootton
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
